US stocks rise modestly on good reports

Wall Street today had a muted reaction to upbeat reports on US consumer confidence and the gross domestic product, closing narrowly mixed as investors stayed cautious after Monday’s big rally.

US stocks rise modestly on good reports

Wall Street today had a muted reaction to upbeat reports on US consumer confidence and the gross domestic product, closing narrowly mixed as investors stayed cautious after Monday’s big rally.

Analysts said many investors had anticipated the good news in the previous session, when the Dow Jones industrial average rose 119 points.

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